The Standard & Poor's 500 index snared its second record high in two weeks Friday.

Despite lighter-than-usual trading ahead of the Memorial Day weekend, the index pushed past the 1,900 mark, eclipsing its previous closing high of 1,897 set early last week.

Homebuilder stocks rose after the government reported that sales of new homes increased last month. Investors also bid up shares in GameStop and Hewlett-Packard after the companies reported positive earnings.

On Friday:

The Dow Jones industrial average rose 63.19 points, or 0.4 percent, to 16,606.27.